Settings8H · net · $10k
Funding arb · Price arb /

XLM

all XLM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0324%/8h= +35.5% APRnext payment +$0.41 per $10,000 · paid last 24h +0.057%
Price spread now: Hyperliquid against dYdX+0.084%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.084% dearer against dYdX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XLM-USD0.21520.0101pay 0.0013% / 1h24m 27s$23K$3K10x
ShortHyperliquid XLM0.21540.0425get 0.0053% / 1h24m 27s$12.3M$6.1M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$68.09
Price spread: +0.084% → 0.000%
$8.37
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$57.46
Costs to cover
0.190%
Break-even
1.1 days
Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Hyperliquid live order book, 8 min ago0.92 bp7.6 bp −$8doesn't fitdoesn't fitdoesn't fit
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XLM on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XLM/USDC PERP−0.5000%1h0.2027−5.795%$3K$240K12xas long as short
gTrade (Gains Network) XLM/USDL 0.0000% / S +0.0002%1h0.2153+0.054%$4K150xas long as short
Aster XLMUSDT+0.0100%8h0.2155+0.131%$578K$752K75xas long as short
Binance XLMUSDT+0.0100%8h0.2153+0.046%$55.5M$150.8M75xas long as short
Bybit XLMUSDT+0.0100%8h0.2152+0.023%$43.7M$44.0M75xas long as short
OKX XLM-USDT-SWAP+0.0100%8h0.2152+0.019%$13.0M$41.7M50xas long as short
Gate XLM_USDT+0.0100%8h0.21520.000%$4.1M$6.3M75xas long as short
MEXC XLM_USDT+0.0100%8h0.2154+0.116%$25.0M$26.2M300xas long as short
KuCoin XLMUSDTM+0.0100%8h0.2154+0.093%$14.5M$10.4M75xas long as short
Bitget XLMUSDT+0.0100%8h0.2152+0.014%$25.6M$19.3M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XLM-USDC+0.0100%8h0.2152+0.014%$6.7Mas long as short
Backpack XLM_USDC_PERP+0.0100%1h0.2154+0.107%$90K$271K20xas long as short
Variational Omni XLM+0.0100%8h0.2156+0.212%$254K$1.3Mas long as short
edgeX XLMUSDC+0.0100%4h0.2161+0.443%$12K$299K10xas long as short
GRVT XLM_USDT_Perp+0.0100%8h0.2160+0.374%$597K$613K10xas long as short
ApeX Omni XLMUSDT+0.0100%1h0.2161+0.437%$173K$257K50xas long as short
Orderly PERP_XLM_USDC_mythos+0.0100%4h0.2154+0.107%$3K$2K10xas long as short
SunX XLM-USDT+0.0100%8h0.2152+0.009%$2K$1.7M20xas long as short
SoDEX XLM-USD+0.0100%1h0.2155+0.135%$2K$6K5xas long as short
HTX XLM-USDT+0.0100%8h0.2154+0.126%$199K$261K20xas long as short
Phemex XLMUSDT+0.0100%8h0.2155+0.158%$9.0M$9.1M50xas long as short
dYdX XLM-USDlong+0.0101%1h0.2152long leg$23K$3K10x
Extended XLM-USD+0.0104%1h0.2152+0.002%$193K$1.6M10xas long as short
BloFin XLM-USDT+0.0220%8h0.2154+0.116%$2.3M$5.6M75xas long as short
Phoenix XLM+0.0222%1h0.2161+0.414%$5K$42K5xas long as short
GMX XLM/USD [WBTC.b-USDC]L +0.0316% / S −0.0167%1h0.2153+0.068%$45K100xas long as short
Kraken Futures PF_XLMUSD+0.0414%1h0.2155+0.158%$2.6M$2.6M50xas long as short
Hyperliquid XLMshort+0.0425%1h0.2154+0.084%$12.3M$6.1M5x
Coinbase International XLM-PERP-INTX+0.0448%1h0.2164+0.572%$233K$1.5M50xas long as short
Lighter XLM+0.0496%1h0.2155+0.163%$417K$809K5xas long as short
Deribit XLM_USDC-PERPETUAL+0.0725%1h0.2156+0.214%$535K$159K25xas long as short